Exercise 4-16 Wilde Home & Garden is organized into three departments. The follo

Question

Exercise 4-16 Wilde Home & Garden is organized into three departments. The following sales and cost data are available for the prior year:

Dept.A Dept.B Dept.C Total Sales $285,000 $900,000 $955,000 $2,140,000 Less variable costs 125,000 565,000 755,000 1,445,000 Contribution margin 160,000 335,000 200,000 695,000 Less fixed costs 70,000 90,000 95,000 255,000 Profit $90,000 $245,000 $105,000 $440,000 What is the weighted average contribution margin ratio? (Round answer to 4 decimal places, e.g. 0.5212.)

Weighted average contribution margin ratio
What level of sales is needed to earn a profit of $600,000 assuming the current mix? (Round answer to the nearest whole dollar, e.g. 5,275.)

Sales required $
What is the contribution margin ratios of the three departments? (Round answers to 2 decimal places, e.g. 15.25.)

Contribution margin ratio Department A Department B Department C

Wilde Home & Garden places an advertisement in the local paper each week. All else equal, which department would you emphasize in the advertisement?

(Department A, Department B, or Department C) Wilde Home & Garden is organized into three departments. The following sales and cost data are available for the prior year:

Dept.A Dept.B Dept.C Total Sales $285,000 $900,000 $955,000 $2,140,000 Less variable costs 125,000 565,000 755,000 1,445,000 Contribution margin 160,000 335,000 200,000 695,000 Less fixed costs 70,000 90,000 95,000 255,000 Profit $90,000 $245,000 $105,000 $440,000 Wilde Home & Garden is organized into three departments. The following sales and cost data are available for the prior year:

Dept.A Dept.B Dept.C Total Sales $285,000 $900,000 $955,000 $2,140,000 Less variable costs 125,000 565,000 755,000 1,445,000 Contribution margin 160,000 335,000 200,000 695,000 Less fixed costs 70,000 90,000 95,000 255,000 Profit $90,000 $245,000 $105,000 $440,000 What is the weighted average contribution margin ratio? (Round answer to 4 decimal places, e.g. 0.5212.)

Weighted average contribution margin ratio
What is the weighted average contribution margin ratio? (Round answer to 4 decimal places, e.g. 0.5212.)

Weighted average contribution margin ratio What level of sales is needed to earn a profit of $600,000 assuming the current mix? (Round answer to the nearest whole dollar, e.g. 5,275.)

Sales required $
What level of sales is needed to earn a profit of $600,000 assuming the current mix? (Round answer to the nearest whole dollar, e.g. 5,275.)

Sales required $ What is the contribution margin ratios of the three departments? (Round answers to 2 decimal places, e.g. 15.25.)

Contribution margin ratio Department A Department B Department C

Wilde Home & Garden places an advertisement in the local paper each week. All else equal, which department would you emphasize in the advertisement?

(Department A, Department B, or Department C) What is the contribution margin ratios of the three departments? (Round answers to 2 decimal places, e.g. 15.25.)

Contribution margin ratio Department A Department B Department C

Wilde Home & Garden places an advertisement in the local paper each week. All else equal, which department would you emphasize in the advertisement?

(Department A, Department B, or Department C) Exercise 4-16 Wilde Home & Garden is organized into three departments. The following sales and cost data are available for the prior year:

Dept.A Dept.B Dept.C Total Sales $285,000 $900,000 $955,000 $2,140,000 Less variable costs 125,000 565,000 755,000 1,445,000 Contribution margin 160,000 335,000 200,000 695,000 Less fixed costs 70,000 90,000 95,000 255,000 Profit $90,000 $245,000 $105,000 $440,000

Explanation / Answer

Weighted average contribution margin ratio 0.3248 Sales required $ 2632662

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